Eighty20 Advisors launches financial services exchange website
Eighty20 Advisors LLC announces the launch of the financial services industry business brokerage website, Eighty20 Exchange. Described as "The Marketplace for Financial Service Transactions". The Eighty20 Exchange website enables owners of independent Financial Planning firms and Insurance Agencies to offer their practices for sale, or display their interest in acquiring a firm.
- (1888PressRelease) March 06, 2013 - Eighty20 Advisors LLC announced the launch of the business brokerage, Eighty20 Exchange™, "The Marketplace for Financial Service Transactions". The core of Eighty20 Exchange is a website where owners of independent Financial Planning firms and Insurance Agencies can offer their practices for sale, or display their interest in acquiring a firm. www.eighty20exchange.com.
The site also allows these firms and Broker Dealers, OSJs, IMOs and FMOs, to recruit representatives. No other site serves advisor and insurance practices with comprehensive support of divestiture, acquisition, recruiting, and job applicant availability at one location.
Founding Partner Allen Duck noted, "Financial planner successions are complicated by Federal regulations protecting movement of client assets under management. Implementation of a successful succession transition requires consideration of practice culture, supported products, and integration of back office operations.
Few business brokers understand the processes required in this industry. We have the advantage of recent personal experience in the acquisition of financial advisor firms. We focus on realization of the value that has been created in these practices."
Co-Founder David Cunningham added, "Independent advisor and insurance firms evolved in the 70s to provide superior individual service to clients. The majority of the owners of these 50,000 firms are Baby Boomers and they are approaching retirement. At the same time, the organic growth of younger firms is increasingly expensive and time consuming.
Advanced firms are recognizing the cost effectiveness of acquisitions, including those that integrate financial advisor and risk management (annuity offerings) for clients seeking to simplify their wealth management relationships. The result is a need for informed, active facilitation of financial service company acquisition implementation. "
Eighty20 Advisors offers a Business Succession Audit to prepare practices for sale. The $2,750 audit generates a practice valuation and a three part prospectus. The client can then list the practice for sale at Eighty20 Exchange. Eighty20 Advisors provides transaction management, engaging both buyer and seller through to the execution of a purchase agreement.
Contact information:
Allen W. Duck
Partner
Eighty20 Advisors LLC,
10 Old Town Square, Suite 238,
Fort Collins, CO 80524.
Mob 970 412-6759
Tel 970 325-3820 or allen ( @ ) eighty20advisors dot com
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